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Inventory Management / Optimisation
Inventory Management / Optimisation
3 min read

Build Your Strategy

Hildur Fridriks
Published on:
July 20, 2022
An important aspect our system can help you with is strategy planning – where you need an end-to-end overview of your supply chain as well as dependable forecasts to help you prepare for an uncertain future.

Having a sturdy workflow process and strict routine within your business is one way to accelerate your business and help you manage supply and demand – to truly understand your business from the bottom up and top down. The way in which it works is by knowing how every area of your business operates; from the supply manager who manages your demand to the forecast that they’ve validated and pushed to the key account manager, and this information into a system that can help you manage expectations and future demand. 

In an executive survey that was conducted by Incisiv, 87% of retail executives said their company’s supply-chain performance either lagged the competition (22%) or was just on par (65%). Only 13% of retail executives thought they outperform their peers. This highlights the untapped opportunities for an Inventory Optimization solution that features demand planning and forecasting, especially if it is powered by Machine Learning and AI. AI provides opportunities for companies that are eager to beat the competition and have a smooth supply chain process inside out.  

Even though a workflow relies heavily on everyone working together, automation relieves the planning team of time-consuming manual processes and allows for real-time or near-real-time work. Also, the erasure of manual processes and opting for an automated system eliminates the space for human error. There are also significant cost savings, AGR customers save between 33 and 66 percent on inventory management and 10 to 25 percent on inventory replenishment.

McKinsey says of supply chain organization ‘Organization design is not just boxes and lines. The supply-chain function’s organizational design interacts with its assets, technology, processes, and people to make strategy happen. When parts of this system are not aligned, execution can be nearly impossible.’ If we take this statement and also add to the equation the current factors that are impacting the supply chain, we can deduce that strategy and workflow processes are essential for a smooth operating business to tackle the supply chain. 

If you’re ready to take your strategy and supply chain to a new level, make an appointment with us  and we’ll be happy to talk you through our system. 

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